Horan Capital Advisors LLC. Purchases New Shares in General Electric (NYSE:GE)

Horan Capital Advisors LLC. bought a new stake in General Electric (NYSE:GE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,292 shares of the conglomerate's stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC lifted its stake in General Electric by 91.8% in the 3rd quarter. Jennison Associates LLC now owns 7,771,759 shares of the conglomerate's stock valued at $1,465,598,000 after purchasing an additional 3,719,894 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of General Electric by 505.8% during the third quarter. Janus Henderson Group PLC now owns 1,908,434 shares of the conglomerate's stock worth $359,882,000 after buying an additional 1,593,413 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of General Electric by 206.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,444,466 shares of the conglomerate's stock valued at $278,247,000 after acquiring an additional 973,135 shares during the last quarter. State Street Corp boosted its holdings in shares of General Electric by 2.1% during the 3rd quarter. State Street Corp now owns 43,322,827 shares of the conglomerate's stock valued at $8,181,801,000 after acquiring an additional 898,296 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its position in General Electric by 26,959.5% during the 4th quarter. Proficio Capital Partners LLC now owns 554,991 shares of the conglomerate's stock worth $92,567,000 after acquiring an additional 552,940 shares during the last quarter. Institutional investors own 74.77% of the company's stock.

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General Electric Stock Down 1.0 %

NYSE GE traded down $1.97 on Friday, hitting $194.08. 7,681,174 shares of the company were exchanged, compared to its average volume of 5,375,542. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.88. The company has a market cap of $208.31 billion, a PE ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19. The stock has a fifty day moving average of $192.54 and a 200-day moving average of $182.86. General Electric has a 12 month low of $130.38 and a 12 month high of $212.19.

General Electric (NYSE:GE - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. As a group, analysts forecast that General Electric will post 5.4 earnings per share for the current year.

General Electric Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 10th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from General Electric's previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric's dividend payout ratio is presently 24.04%.

Analysts Set New Price Targets

Several equities analysts have commented on GE shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of General Electric in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their price objective on shares of General Electric from $225.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Redburn Atlantic assumed coverage on shares of General Electric in a report on Tuesday, February 18th. They set a "buy" rating and a $250.00 target price on the stock. Bank of America upped their price target on shares of General Electric from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, UBS Group lifted their price target on shares of General Electric from $215.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $211.31.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.